Recent Updates — EAF
GrafTech International Ltd. updated its disclosure regarding the permanent cessation of manufacturing operations at its graphite electrode and pin facility in Monterrey, Mexico. The company finalized estimates of non-cash charges associated with this closure, totaling approximately $25 million to $35 million. This amount comprises roughly $12.3 million in fixed asset write-offs, with the remainder attributed to accelerated depreciation. Additionally, GrafTech expects one-time cash expenditures for the closure to range between $20 million and $25 million, with most costs incurred by the end of 2027. The company operates in the manufacturing of graphite electrodes and related products.
GrafTech International Ltd. reported a third-quarter 2026 net loss of $47 million, or $1.76 per share, on net sales of $140 million, a 3% decrease year-over-year driven by lower realized pricing. Adjusted EBITDA was $9 million, down from $13 million in the prior year period. The company also announced the planned closure of its Monterrey, Mexico manufacturing facility to better align production capacity with market demand and generate $20 to $25 million in annual cash cost savings. GrafTech International Ltd. is a leading global manufacturer of high-quality graphite electrode products essential for electric arc furnace steelmaking.
GrafTech International Ltd.'s Board approved the permanent closure of its graphite electrode and pin manufacturing facility in Monterrey, Mexico, to align capacity with market conditions. Employee notifications began August 31, 2026, with production winding down through early Q2 2027. The company estimates $20 million to $25 million in one-time cash expenditures, including approximately $10.0 million for environmental and closure costs and $11.5 million for severance. This restructuring aims to improve manufacturing utilization and reduce the cost structure by concentrating production at larger facilities. GrafTech International Ltd. operates in the graphite electrodes industry.
GrafTech International Ltd. reported second quarter 2026 results with net sales of $127 million, a 3% year-over-year decrease, and a net loss of $40 million, or $1.54 per share. Sales volume grew 8% year-over-year to 30.8 thousand metric tons, though weighted-average realized pricing fell 7% to approximately $3,900 per MT. The company drew the remaining $100 million from its delayed draw first lien term loan facility in June 2026, ending the period with total liquidity of $253 million. GrafTech reaffirmed its full-year 2026 sales volume growth expectation of 5% to 10% and expects a low single-digit percentage-point decline in cash cost of goods sold per MT. The company operates as a manufacturer of graphite electrode products used in electric arc furnace steelmaking and other metal production.